Gabia sets up independent special committee... begins reviewing the fairness of Macquarie's tender offer

Gabia has begun a fairness review of Macquarie Asset Management’s tender offer and voluntary delisting plan.

It set up a special committee of two independent directors to assess the deal’s purpose, terms, and process with outside advisers.

The board also pushed back its formal response to Align Partners’ shareholder letter from the 31st to the 7th of next month.

The review could materially affect retail shareholder rights and investor confidence in the transaction.